Connect with us
Anglostratits

Business

Top 5 Sectors Set to Benefit from Mauritania’s Oil & Gas Development

Published

on

Mauritania

Top 5 sectors that will benefit from oil and gas projects in Mauritania include infrastructure, green hydrogen, services, finance, and tourism and hospitality

NOUAKCHOTT, Mauritania, May 4, 2023/APO Group/ — 

With the discovery of the Greater Tortue Ahmeyim (GTA) gas field in 2015 and the latest developments regarding the BirAllah field, Mauritania has become an increasingly attractive destination for investment. In addition to hydrocarbon supply benefits, the country is set to see numerous economic opportunities made possible through oil and gas monetization, all of which will be showcased at the MSGBC Oil, Gas & Power conference and exhibition – taking place from November 21-22 this year.

Infrastructure

According to the World Bank, the lack of infrastructure in Mauritania has caused a significant constraint on economic growth. However, with the introduction of large-scale energy developments such as GTA, which require significant infrastructure investment such as roads, pipelines, and storage facilities, opportunities for growth in this area have increased. Developing these infrastructure projects will create jobs in construction and maintenance, which will boost the economy. One specific project is the transformation of the port city of Nouadhibou into a regional gas processing, import and export hub, which, in addition to employment creation, will require an expansion of the current 300,000 metric tons oil storage capacity.

Additionally, on the power infrastructure side, the Banda Gas-to-Power Project, developed by New Fortress Energy, aims to produce natural gas for electricity generation by 2024. The project includes upstream gas field production, power generation, and power transmission components. It will reduce costs and increase supply for Mauritanian households and industry, while promoting regional integration through electricity exports to Senegal and Mali.

Green hydrogen

Hydrogen has a crucial part to play in the shift to sustainable energy. Despite its potential, the production of green hydrogen is still limited and expensive. According to Nils Røkke, Chairman of European Energy Research Alliance, one solution is to concurrently develop blue and green hydrogen, with the anticipation that green hydrogen will gradually prevail as the dominant form. This is the strategy adopted by bp in Mauritania which has operator interests in GTA and BirAllah Liquefied Natural Gas (LNG) fields, but correspondingly studies the feasibility of a green hydrogen project in the country. Mauritania’s Minister of Finance Isselmou Ould Mohamed M’Bady advocated for “significant increase in blended financing to support the transition towards green energy.” Using profits from first gas could be one of the solutions to finance green hydrogen projects.

Using profits from first gas could be one of the solutions to finance green hydrogen projects

Services

Already representing a leading producer of minerals, Mauritania benefits from a solid pool of local service providers to the extractive sectors, whether logistics and security or legal and engineering consulting. The expansion of infrastructure and development of oil and gas projects will create even further job opportunities across this sector. For example, the local consulting firm Meen&Meen, part of a joint venture with Jade Advisory and EPCM Holdings, has secured a strategic contract for the transformation of the south of Nouakchott port into a regional hub. The projected growth of 6.2% of GDP by 2025 in the country will also improve the quality and availability of services in the country. The transportation industry, in particular, is expected to benefit from increased demand for goods and people, with the African Development Bank estimating that the transport sector in Mauritania will grow by 5.5% per year between 2020 and 2025.

Finance

According to the World Bank, access to finance remains a significant challenge in Mauritania, with only 10% of the population having access to formal financial services. Ousmane Mamadou Kane, the Minister of Economic Affairs and the Promotion of the Productive Sector explained that the government aims to inject a lot of resources into the Treasury and the Central Bank using revenues generated from oil and gas. This will create significant opportunities for local banks and financial institutions while enabling the broader business sector to benefit from improved access to capital.

Tourism and Hospitality

Less known for tourism than its neighboring countries Morocco and Senegal, Mauritania still has hidden gems such as the Adrar region which is full of fascinating sites such as the historic towns of Chinguetti and Ouadane, or the Iron Ore Train, accessible to adventurous travelers which runs from the mining town of Zouerat to the coastal city of Nouadhibou and offers stunning views of the desert landscape. The improvement of road infrastructure and increased revenues are expected to give a boost to the hospitality and tourism sectors.

MSGBC Oil, Gas & Power, the leading energy event of the region, is scheduled to take place in Nouakchott, Mauritania on November 21-22. Organized by Energy Capital & Power, the event aims to bring together potential investors, project developers, and public stakeholders to create an ideal platform for initiating new projects and signing deals. By organizing high-level panel discussions, exclusive networking sessions, and technical workshops, MSGBC 2023 will dive into the ways that the country can utilize its natural gas industry to unlock long-term economic advantages.

Distributed by APO Group on behalf of Energy Capital & Power.

Business

Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

Published

on

Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

Continue Reading

Business

Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

Published

on

Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Energy

Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

Published

on

African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending